2022 AVBOB Integrated Annual Report - FINANCIALS

103103 FINANCIAL STATEMENTS Continued AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2020 SOCIETY GROUP Restated Restated 2020 2020 R 000 R 000 ASSETS Property, plant and equipment 185 742 972 250 Right-of-use assets 54 749 82 612 Investment property 436 326 - Intangible assets 33 501 33 879 Investments in subsidiaries 370 000 - Financial assets at fair value through profit or loss* 14 980 903 14 980 903 Financial assets at amortised cost 1 510 921 1 510 921 Insurance receivables 478 064 478 064 Reinsurance contract assets 17 185 17 185 Inventories 2 242 43 824 Trade and other receivables 224 575 245 609 Current income tax asset 4 064 2 852 Cash and cash equivalents* 2 900 827 3 048 641 Total assets 21 199 099 21 416 740 RESERVES AND LIABILITIES RESERVES 6 192 859 6 277 205 Distributable reserve 6 192 859 6 277 205 Revaluation reserve - - LIABILITIES 15 006 240 15 139 535 Policyholder liabilities Insurance contracts 11 869 583 11 869 583 Investment contracts with DPF 354 623 354 623 Financial liabilities at amortised cost 1 574 692 1 574 692 Lease liabilities: Right-of-use assets 61 728 92 813 Deferred income tax liabilities 39 223 65 391 Employee benefit obligations 221 077 248 139 Deposits and premiums received in advance 391 186 391 186 Outstanding policyholder benefits 147 769 136 823 Trade and other payables 346 359 406 285 Current income tax liability Total reserves and liabilities 21 199 099 21 416 740 * Refer to note 22 of the notes to the summarised financial statements regarding the restatement of the 2020 comparatives.